Understanding Contingency Fees: What They Are and How They Work

After an accident, victims may be hesitant to call an attorney for several reasons. They may be worried about fees for speaking with or hiring a lawyer or being pressured into signing a retainer. Accident victims don’t have to worry about paying for representation if they speak with a reputable personal injury law firm like The Barnes Firm. Our attorneys know a motor vehicle accident can be a traumatic experience and you may be left to deal with medical bills, lost wages, and emotional hardship.

We are here to help you after a car accident by offering you a FREE case evaluation. Our promise is that you won’t pay anything unless we win your case. Call (800) 800-0000 today to speak with one of our experienced personal injury lawyers.

What is a Contingency Fee?

Typically, attorneys charge hourly fees or contingency fees for their services. Hourly fees are charged to the client on an hourly basis, and often result in large fees.

With a contingency fee agreement, the attorney doesn’t get paid unless and until the client’s case has been successfully resolved. If the personal injury attorney’s work does not lead to the client receiving any compensation, then the attorney doesn’t get paid either. If the attorney is successful and the client receives compensation or a financial judgment in their favor, the attorney’s fees are deducted from that amount.

What Types of Cases Typically Involve a Contingency Fee?

Contingency fees are typically used in cases involving:

• Motor vehicle accidents
• Slip and fall accidents
• Medical malpractice
• Product liability
• Workplace accidents
• Wrongful death

In these case types, the lawyer typically agrees to forego payment for their services until the case is resolved, and then is paid the portion of the settlement or award designated in the agreement.

Do Clients Benefit From Contingency Fee Arrangements?

There are many costs associated with filing a personal injury claim, and when attorneys operate on an hourly basis rather than a contingency fee arrangement, expenses can add up very quickly.

With a contingency fee arrangement, there’s little risk for the client in pursuing a personal injury lawsuit. If your lawsuit doesn’t lead to a favorable judgement, you won’t owe any attorney fees. Our personal injury attorneys know the risk that they won’t get paid for the case unless they win and are dedicated to working hard to help our clients get the best result possible for their accident case.

How Much Do Contingency Fees Typically Cost?

The cost of a contingency fee depends on a variety of factors, including the complexity of the case, the amount of recovery, and the lawyer’s experience. Generally speaking, the fee is 33-40% of the total recovery, though the exact rate can vary depending on the particular situation.

At The Barnes Firm, our contingency fee arrangement is calculated as a small percentage of the overall personal injury case settlement or verdict. Contingency fee arrangements are always discussed with our clients before the retainer is signed.

Call The Barnes Firm For A Free Case Evaluation

At The Barnes Firm, our clients come first. We believe injured clients should not have to pay high legal fees and offer a no fee promise unless we win your case. In addition to that, The Barnes Firm offers a FREE case review to explain your legal rights, answer your injury compensation questions, and explain how contingency fees benefit injury victims. This allows our clients to pursue their personal injury accident compensation without exposing themselves to significant financial risks.

To learn more about our services or for a FREE case evaluation, call The Barnes Firm today at (800) 800-0000.

Richard Barnes – President of The Barnes Firm

Richard Barnes: “As President of The Barnes Firm, I have dedicated my career to achieving justice in hundreds of cases for the victims of injuries caused through the fault of others. Additionally, I have been honored to have been elected Best Lawyer and a Super Lawyer”

Years of Experience: 30+ years
LinkedIn Profile: Richard Barnes